The “Advanced Distribution Management System Market to 2025 by type (solution and service), and vertical (Commercial and Industrial) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of Advanced Distribution Management System market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant Advanced Distribution Management System players in the market and their key developments.
Advanced Distribution Management System Market to 2025 – Global Analysis and Forecast by type and vertical, advanced distribution management system market is expected to grow US$ 3852.2 Mn by 2025 from US$ 963.5 Mn in 2017. The global market for ADMS market exhibit high growth in near future. Some of the major driving factors contributing to the market growth are rising smart grid in North America region and increase utility efficiency. However, high CAPEX and OPEX cost, and interoperability and system integration issues are some of restraining factors behind slow growth of ADMS market during the forecast period.
The electric utilities across the globe are making arrangements to deal with the swarm of challenges faced by the industry at present. These challenges include burgeoning customers and regulatory pressure for rising reliability, limited power generation to address the increasing demand and adoption of distributed renewable energies storage. Different regions worldwide are showcasing different trends, to tackle with the provided challenges. However, majority of these trends conclude to a single point and that is widespread adoption of ADMS by the utilities globally. Advanced Distribution Management Systems (ADMS) are progressively becoming critical for a range of applications comprising enhanced resilience and reliability, and advanced voltage control through reconfiguration and automation.
The global ADMS market has been segmented on the basis of type into two major segment including system and service. Service is further bi-furcated by three types, consulting, system integration and support & maintenance. Whereas solution comprises of SCADA, DNA and OMS. Key verticals of this market are, commercial and industrial. Commercial sector is the major contributor in terms of revenue in this market attributed to the development of smart city projects with high power consumption. Geographically the market is presently dominated by developed regions including, US. However, the market is expected to be in favor of Asia Pacific during the forecasted period.
ADMS develops a combined user-friendly software platform enabling integration of applications and functionalities among all vendors for better optimization and organization of complete distribution system. For propelling market growth of ADMS, one of a major driver is infrastructure, which plays a vital role towards growth of ADMS and is considered as a support among the economics community. Infrastructure not only contribute towards controlling situation of economy at the time of slow recovery but also leads to increase efficiency without hampering productivity. Technological changes takes place in North America very frequently and on the top of it, presence of silicon-valley also boost infrastructure development. When looking towards solutions provided by ADMS, users have need for present as well as for future. Investments in technology will continue to rise so as to make further improvements in operational technologies such as ADMS, OMS, and SCADA.
Another driving factor, Increasing utilities and their functionalities require smart grid to manage all functions, which is also contributing towards growth of ADMS market. Utilities revolutionizing ADMS are looking forward for this technology because to propel and meet the customer’s requirements, it is essential for business. More to it, investment made of US$20 Mn, AutoGrid Systems are focusing on building energy Internet smarter and to focus on this, they made an integration with Schneider Electric’s Advanced Distribution Management System (ADMS). Again, with changing customer preference towards renewable-energy, grid-edge instability and reliability pressure, these factors have obliged utilities to adopt new system with better distribution and smart grid.
Grid modernization, changes made in traditional grid systems because of lack of data-driven feature and interoperability. Now, ADMS works with more efficiency and delivering useful data, taking out from raw data. Majorly Utilities are now investing in smart grid technologies so as to enhance sustainability, resiliency, affordability, security, reliability by improving operating efficiency. These initiatives in “grid modernization” will boost responsiveness and flexibility, what made “Smart grid” technology potential is control systems, computer processing and two-way communication technologies.
The market for ADMS in North America region has been segmented on the basis of type into two major segment including system and service. Service is further bi-furcated by three types, consulting, system integration and support & maintenance. Key verticals of this market are, commercial and industrial. Commercial sector is the major contributor in terms of revenue in this market attributed to the development of smart city projects with high power consumption. Geographically the market is presently dominated by developed regions including, US. However, the market is expected to be in favor of Canada and Mexico.
Key players in the market are taking measures to gain maximum benefit from on the opportunities in emerging markets. Some of the key players in the ADMS market includes General Electric Company, Oracle Corporation, Survalent Technology, ABB Group, Siemens AG, Open Systems International, Inc., Advanced Control Systems, Schneider Electric SE, Indra Sistemasand Etap/Operation Technology, Inc. and among others.
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